Friday, December 5, 2008
Thursday, December 4, 2008
W29 Market Statistics
November, 2008 vs. November, 2007
The number of active listings in W29 has increased again November, 2008 over the same month in 2007. There are 101.02% more listings on the market this month over November, 2007. There were also 12.24% more homes listed in November, 2008 vs. November, 2007. The number of homes sold decreased by 21 homes, or 46.67%. Continue to prepare your sellers for a longer stay on the market; the average days on market increased from 53 to 33. Average sale prices are down by 13.58%.
Year to Date, 2008 vs. Year to Date, 2007
The number of homes listed in W29, year-to-date has increased from 896 in 2007 to 1,001 in 2008, which is an increase of 11.72%. The number of homes sold decreased by 20.47%. Average sale prices are up 3.12% year over year. Keep in mind, however, that the average sale price in September, October and November is lower than the average price year to date, as prices started out higher, but are continuing to level off.
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